Obama urges Congress to 'compromise' on cuts

President Barack Obama says Congress can keep across-the-board cuts from taking effect with "just a little bit of compromise."

Speaking to the nation's governors, Obama says the impact of the budget cuts may not be felt immediately. But he says the uncertainty created by the cuts is already having an effect on the economy.

The president says Monday that the longer the cuts are in place, the deeper the impact will be on the economy.

Vice President Joe Biden told the governors that they're more disciplined than Congress and chided Washington lawmakers for blocking a solution. He says everyone agrees the so-called sequester should be addressed.

Unless Congress acts, $85 billion in cuts will go into effect Friday. The White House has warned the cuts could affect everything from commercial flights to classrooms to meat inspections. They would slash domestic and defense spending, leading to furloughs for hundreds of thousands of workers.

Copyright 2013 byWPTZ All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

"Mission: Impossible - Rogue Nation" opened to an estimated $56 million at the U.S. box office over the weekend. This total was the second-best "Mission: Impossible" opening ever, just missing out on the $57.8 mil...